Answered: amount to be received in terms of AED?…

amount to be received in terms of AED? O a. AED 12.675 million O b. AED 19,708.317 O C. AED 12.685 million O d. AED 19,723.866

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

For the coming year, an American subsidiary of an Emirati company is expected to earn an amount of USD 500, 000 by selling American
commodities. The exchange rate is expected to rise from USD 25.35 per Dirham to USD 25.37 per Dirham in the next year. What is the potential
amount to be received in terms of AED?
O a. AED 12.675 million
O b. AED 19,708.317
O C. AED 12.685 million
O d. AED 19,723.866

Which of the following refers to an agreement to exchange one currency for another ( two flows of cash) at a specified exchange rate and date
between two businesses?
O a. Currency call option
O b. Spread
O c Currency swap
O d. Currency put option

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